CORRECT: Pernod To Buy Absolut Parent For $8.34B Plus Debt
TEL AVIV — Pernod Ricard, the Paris wines and spirits producer, said it agreed to acquire Sweden’s Vin & Sprit, parent of the prominent Absolut vodka brand, for 5.28 000 000 000 euros (USD 8.34 000 000 000), plus assumption of 346 000 000 euros of debt. The deal excludes Vin & Sprit’s 10% interest […]
Bank of England cuts rates
LONDON, England (AP) The Bank of England has cut its base lending rate a quarter-point to 5 percent, the lowest rate in 17 months.
But a number of analysts still say that further rate cuts are needed.
The widely expected decision comes in the face of contrary pressures from rising inflation, sagging house prices […]
Identifying The Best — And The Worst — Banks
PALM BEACH GARDENS, Fla. — How to find the best bank for personal business? The worst? Much depends on what you seek. Companies that rate bank satisfaction often limit rankings to one or more types of services. Plus, institutions included in surveys may be limited.
To find the worst FDIC-insured institutions, we first sought federal complaint […]
Female Robber With Shotgun Forces 15 Into Bank Vault
ORLANDO, Fla. The Orange County Sheriff’s Office says an woman has been charged with armed robbery after holding about 15 people hostage at an Orlando bank. No one was injured.
A spokesman for the Orange County Sheriff’s Office said Friday that 41-year-old Donna Sue Bynum of Irving, Texas, tried to holdup a Bank of America […]
Merchandising in Northern Rock shares debarred
LONDON, England (CNN) The British government announced Sunday it is moving to nationalize — on a temporary basis — the struggling mortgage lender Northern Rock.
Customers line up to withdraw cash from a Northern Rock branch during the height of the crisis.
The move to nationalize the bank, a politically embarrassing U-turn for Prime Minister Gordon […]
